Cramer is the big bang of financial blogging

by · May 14, 2011

Barry Ritholtz, commenting on the New York Times Magazine piece about CNBC “Mad Money” host Jim Cramer, notes that a lot of business journalists owe their careers to him because of his co-founding of TheStreet.com.

Ritholtz writes, “You may not know this, but TheStreet.com was a factory that churned out award winning journalists and market beating fund managers like Hershey’s kisses. Josh Brown, once likened TheStreet.com to the ‘Motown Records of the Financial Web.’ They were the farm team for the world of financial reporting, where the media bigs came to look for the next hire.

“I have on occasion criticized Jim for some position or another he has taken on sub-prime or housing or the Fed, but that comes with the territory. As much as people bash Cramer, consider this: He is the guy who first conceived of Democratizing financial research and reportage. Whatever money he made for clients as a hedge fund manager is far outweighed by his contribution to you, the modern investor.”